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What is cybersecurity risk management?
Cybersecurity risk management is the practice of prioritizing cybersecurity defensive measures based on the potential adverse impact of the threats they’re designed to address. Establishing a risk management approach to cybersecurity investment acknowledges that no organization can completely eliminate every system vulnerability or block every cyber-attack. Through cybersecurity risk management, an organization attends first to the flaws, the threat trends, and the attacks that matter most to their business.
Calculating cybersecurity risk
Cybersecurity risk management usually depends upon a risk analysis that calculates cybersecurity risks based on the generic risk equation that states that:
Cyber risk = Consequence of attack x Likelihood of attack
The math behind this calculation tends to be fluid and prone to subjective interpretation because each component is comprised of many variables that are often difficult to measure quantitatively.
For example, consequences…
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Posted by: Ericka Chickowski |
The post Cybersecurity risk management explained appeared first on Cybersecurity Insiders.
August 11, 2020 at 09:10AM
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